Gold dives as Fed hikes rates

Gurumurthy K
  ·   print   ·  
Kraphix/ Kraphix/

The yellow metal is likely to dip further before prices recover

Gold has posted a negative close for the second consecutive week. The prices reversed sharply lower from the intra-week high of $1,281 per ounce to close the week at $1,254 per ounce, down 1 per cent for the week. The dollar gained strength after the Federal Reserve raised rates by 25 basis points as expected. This, in turn, dragged gold prices sharply lower.Silver prices, on the other hand, were ...
Please Wait while comments are loading...
This article is closed for comments.
Please Email the Editor



Recent Article in Real Assets

Five Start-Ups That Make a Difference


From 2016

Crofarm has built a digitised agri-supply chain for fruits and vegetables that i... »

Comments to: Copyright © 2017, The Hindu Business Line.

NEVER miss any latest news! we will have it delivered hot to your inbox!

Please enter your email. Thank You.
Newsletter has been successfully subscribed.